Jan Throng invested $42,000 in the Invesco Charter mutual fund. The fund charges a 5.50 percent commission
Question:
Jan Throng invested $42,000 in the Invesco Charter mutual fund. The fund charges a 5.50 percent commission when shares are purchased. Calculate the amount of commission Jan must pay.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 37% (8 reviews)
Ms Throng must pay 2310 for commissions as ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Personal Finance
ISBN: 978-1259720680
12th edition
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
Question Posted:
Students also viewed these Business questions
-
Jan Throng invested $31,000 in the Invesco Charter Mutual Fund. This fund charges a 5.50 percent commission when shares are purchased. Calculate the amount of commission Jan must pay.
-
Choose either the Invesco Charter (symbol CHTRX) mutual fund or the Fidelity Fifty (symbol FFTYX) mutual fund. Then describe how each of the following sources of information could help you evaluate...
-
Tony Matteo invested $9,800 in the CI Harbor growth and income fund. The fund charges 5.3 percent commission when shares are purchased. Calculate the amount of commission Tony must pay?
-
In figure, one end of a uniform beam weighing 20 x V3N is attached to a wall with a hinge. The other end is supported by a wire connected to the wall as shown. If the tension in the wire is a x 10N,...
-
A manufacturer of microcomputers produces four models: Portable, Student, Office, and Network. The profit per unit on each of these four models is $500, $350, $700, and $1000, respectively. The...
-
Identify and describe the basic forms of international business activities.
-
What is the critical difference between reactive and limited memory AI machines, and machines that are categorized as theory of mind and self-awareness machines?
-
Southwestern University (SWU), a large state college in Stephenville, Texas, enrolls close to 20,000 students. The school is a dominant force in the small city, with more students during fall and...
-
When determining future resource needs, factors that should be considered include:?
-
Joseph Berio is a loan officer with the First Bank of Tennessee. Red Brick, Incorporated, a major producer of masonry products, has applied for a short-term loan. Red Brick supplies building material...
-
What would you have recommended that Lufthansa do to manage its transaction exposure if you had been the airline's chief financial officer (CFO) in January 1985?
-
Bill Matthews invested $12,500 in the Washington Mutual fund. The fund charges a 5.75 percent commission when shares are purchased. Calculate the amount of commission Bill must pay.
-
Use resonance arguments to explain why (a) P-methoxybenzaldehyde is more basic than p-nitrobenzaldehyde. (b) 3-buten-2-one is more basic than 2-butanone.
-
Talarczyk Company sold 10,000 Super-Spreaders on July 1, 2015, at a total price of 1,000,000, with a warranty guarantee that the product was free of any defects. The cost of the spreaders sold is...
-
Main Company sells 100 televisions on June 1, 2015, at a total price of 35,000 with a warranty guarantee that the product was free of any defects. The assurance warranties extend for a 2-year period...
-
The Colson Company issued 300,000 of 10% bonds on January 1, 2015. The bonds are due January 1, 2020, with interest payable each July 1 and January 1. The bonds are issued at face value. Prepare...
-
Youngman Corporation has temporary differences at December 31, 2015, that result in the following deferred taxes. Indicate how these balances would be presented in Youngmans December 31, 2015,...
-
Accounting, Analysis, and Principles Diversified Industries manufactures sump-pumps. Its most popular product is called the Super Soaker, which has a retail price of \($1\),200 and costs \($540\) to...
-
Use a computer algebra system to graph f and to find f' and f''. Use graphs of these derivatives to estimate the intervals of increase and decrease, extreme values, intervals of concavity, and...
-
Quality Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information pertaining to production in July 2012 is: Joint cost of production in July 2012 was $50. A...
-
(a) If Lola invests $3000 annually into two growth mutual funds, which two types would you recommend and why? (b) Alternatively, if Lola invests $3000 annually into two growth and income funds, which...
-
1. What are the two key questions to consider before investing in real estate? 2. Distinguish between the price-to-rent ratio and the rental yield as measures of current income.
-
1. Summarize how depreciation is used to reduce the income from a real estate investment. 2. Briefly explain how the interest paid on the mortgage of a real estate investment reduces one's income...
-
9- Assume that printer interrupt priority: 2, disk interrupt priority:4, serial line interrupt priority: 6, Ethernet interrupt priority: 5. Determine the order of interrupt services according to: A...
-
4- Assume that printer interrupt priority: 2, disk interrupt priority:4, Ethernet interrupt priority: 5. A user program starts at t = 0 and takes 40 seconds to complete. At t = 10, a disk interrupt...
-
Robbie is a 3 year old boy in the bur oak room at little.ly early learning centre. You have been one of robbies educators for the past two weeks. You and your colleagues have been concerned about...
Study smarter with the SolutionInn App